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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Tpi Polene PCL's retained earnings for the quarter that ended in Mar. 2026 was ฿25,605 Mil.
Tpi Polene PCL's quarterly retained earnings
increased
from Sep. 2025 (฿24,463 Mil) to Dec. 2025 (฿24,773 Mil) and
increased
from Dec. 2025 (฿24,773 Mil) to Mar. 2026 (฿25,605 Mil).
Tpi Polene PCL's annual retained earnings
declined
from Dec. 2023 (฿23,848 Mil) to Dec. 2024 (฿23,465 Mil) but then
increased
from Dec. 2024 (฿23,465 Mil) to Dec. 2025 (฿24,773 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Tpi Polene PCL Retained Earnings Historical Data
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The historical data trend for Tpi Polene PCL's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ฿25,605 Mil mean?
Tpi Polene PCL (BKK:TPIPL) has a Retained Earnings of ฿25,605 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Tpi Polene PCL and its competitors.
Is Tpi Polene PCL's Retained Earnings too high?
Tpi Polene PCL's current Retained Earnings is ฿25,605 Mil. Overall, Tpi Polene PCL has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tpi Polene PCL's Retained Earnings compare to CRH and VMC?
Tpi Polene PCL's Retained Earnings of ฿25,605 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Building Materials company?
A good Retained Earnings depends on the Building Materials industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Tpi Polene PCL and its competitors. Tpi Polene PCL's current Retained Earnings is ฿25,605 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tpi Polene PCL stock overvalued right now?
Based on GuruFocus' analysis, Tpi Polene PCL (BKK:TPIPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.14, compared to a current price of ฿0.90 — trading 21.1% below its estimated fair value. The current Retained Earnings is ฿25,605 Mil. Tpi Polene PCL's overall GF Score™ is 67/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Tpi Polene PCL (BKK:TPIPL), the current Retained Earnings is ฿25,605 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tpi Polene PCL (BKK:TPIPL) Overvalued in 2026?
Based on GuruFocus' analysis, Tpi Polene PCL stock appears to be undervalued.
The current stock price of ฿0.90 is trading 21.1% below its estimated GF Value™ of ฿1.14.
GuruFocus considers Tpi Polene PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPIPL:
Retained Earnings: ฿25,605 Mil
GF Value™: ฿1.14 vs. price of ฿0.90 (21.1% below fair value)
No single metric tells the full story. See the BKK:TPIPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tpi Polene PCL is a producer and distributor of cement, clinker, and ready-mixed cement products in Thailand under the TPI Polene brand. The company's offerings include cement, mortar, low-density polyethylene plastics resin, ethylene vinyl acetate, solar cell encapsulants, concrete and concrete tiles, and fiber cement, among others. The company has four reportable segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The majority of its revenue is generated from the Construction Materials segment. Geographically, it derives maximum revenue from Thailand and the rest from China, Bangladesh, Australia, India, Philippines, and other regions.
67GF Score
Get the complete analysis for BKK:TPIPL
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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